Customers select the products on your website or app and proceed to Checkout. On the Checkout page, the customers:
-
Enter the Phone Number and click Proceed.
-
Select EMI as the payment method and click Pay Now.
-
Enter the OTP sent to their mobile number if they want to use their saved cards and click Verify.
-
Select Debit Card and click Continue.
-
Choose a bank from the list and select the EMI tenure. Click Select EMI Plan.
-
They enter the relevant card details and click Pay via EMI. If the customers are not eligible, they can pay the full amount.
-
Choose if they want to Pay and Save Card or Pay without Saving Card.
After the successful payment, Razorpay redirects customers to your application or website. Customers' monthly statements will reflect the EMI amount with interest charged by the bank.
Watch Out!
Instant Refunds are not supported on EMI, Cardless EMI and Pay Later.